Plus, professional golf generates more money for charity than all other pro sports combined. Don't see pool ever having that mindset
Tournament payouts stack top or share the wealth?
- Thread starter hang-the-9
- Start date
Plus, professional golf generates more money for charity than all other pro sports combined. Don't see pool ever having that mindset
Re charity.
I find it odd that adults participate, or not, in a tournament because they might earn $20,
We have a charity tournament once a month. 60 players. $10 entry. $400 to the pool hall, $200 To the charity of the winner’s choice. I’ve won 3 tines over 5 years. Always pick the SPCA.
Anyways, there are a couple of Sunday afternoon money tournaments. Mostly guys under 35. I don’t participate but if I won $20, I’d stuff it Into the pocket of some 21 year old student and tell him to buy himself a pizza.
local tournaments should have a little more weight towards the bottom to keep the customers coming back, but I think it would be cool to have a winner take all tournament too.
In the famous words of Ricky Bobby, "if you're not first, you're last."
In the famous words of Ricky Bobby, "if you're not first, you're last."
The COVID police made our place take away the pool sticks. Once we move into phase 3, we should start back up.
The guy that runs the tournament normally cuts it of at 16 or 20 depending on 8 ball or 9 ball on Monday and Tuesday.
He pays out the top 3 spots. 3rd place gets entry fee back ($15.00) and 1st and 2nd is split 60% - 40% of what's left.
It's pretty much the same top 3 every week but the same people still show up each week.
By entering the tournament, you do get a chance at a $50 Visa card that is drawn sometime during the night.
Pool is free and the $50 card if drawn both Monday and Tuesday
The guy that runs the tournament normally cuts it of at 16 or 20 depending on 8 ball or 9 ball on Monday and Tuesday.
He pays out the top 3 spots. 3rd place gets entry fee back ($15.00) and 1st and 2nd is split 60% - 40% of what's left.
It's pretty much the same top 3 every week but the same people still show up each week.
By entering the tournament, you do get a chance at a $50 Visa card that is drawn sometime during the night.
Pool is free and the $50 card if drawn both Monday and Tuesday
Hangthe9...if you’re talking about the tourney I think you are, I think it is important to point out that the entry fees were handicapped. Some players played only $45 while others paid $85. The only $85 guy got 3rd. 1st 2nd and 4th all paid $65.
I finished 4th, won $200 for my $65 entry. My Calcutta payout was $500. However, I went for $220 to get that. I believe the $85 guy went for over $300 in Calcutta, and 3rd place Calcutta paid like 700.
So I’m only pointing this out to show that while yes, some of the highest rated players took the top spots, they also invested more to do it. In the case of the Calcutta, *significantly* more. Not sure if this may alter people’s views on the topic, or if it should. Just added perspective...
KMRUNOUT
Sent from my iPhone using AzBilliards Forums
I finished 4th, won $200 for my $65 entry. My Calcutta payout was $500. However, I went for $220 to get that. I believe the $85 guy went for over $300 in Calcutta, and 3rd place Calcutta paid like 700.
So I’m only pointing this out to show that while yes, some of the highest rated players took the top spots, they also invested more to do it. In the case of the Calcutta, *significantly* more. Not sure if this may alter people’s views on the topic, or if it should. Just added perspective...
KMRUNOUT
Sent from my iPhone using AzBilliards Forums
Yes that was the one we played in, I know in an even race event the top players are pretty much guaranteed the top finishes, but that is even a larger reason to pay out more spots unless the goal is to have an event only for top players. If there are 32 players all with an almost even chance to beat any other player in the tournament, then number of spots payed out is less relevant.
I don't think having cheaper entry fees is any sort of leveling of the field solution, it just means the lower level players lose less, they still have the same low chance to beat someone. What cheaper entry fees may do is bring in more players to bring their money to the good players LOL It would also allow someone that is still learning to play against good players and get some competition experience, but as far as anything else, with a small amount of players that cash the money still goes to the same people. There is a lot more people that can finish top 16, top 8 than top 6 or top 4. It's those people that end up missing out if the pay out is top heavy.
We had a record 27 players in this past Monday’s weekly nine ball DE handicapped tournament. $15 entry of which $11 goes to the purse. The entry fee total purse of $300 was broken down from first to sixth place as follows - $130, $70, $45, $25, $15, $15.
The $1330 Calcutta purse was broken down also among the top 6 finishers as follows - $600, $330, $200, $100, $50, $50. Even with the handicap system, the bids ranged from as low as $5 to as much as $200 for the tournament favorite. He’s got to finish 3rd out of 27 just to break even in the Calcutta! As it turned out, he finished second for a very modest ROI, but not worth the $ risk for a handicapped tournament, in my opinion.
The $1330 Calcutta purse was broken down also among the top 6 finishers as follows - $600, $330, $200, $100, $50, $50. Even with the handicap system, the bids ranged from as low as $5 to as much as $200 for the tournament favorite. He’s got to finish 3rd out of 27 just to break even in the Calcutta! As it turned out, he finished second for a very modest ROI, but not worth the $ risk for a handicapped tournament, in my opinion.
Oh I'm not disagreeing with you at all. I was just presenting some additional info for people's consideration.
I do think the different entry fees is a consideration, but I think that essentially works like a calcutta works: the players with the greatest odds of winning pay the most to try and do so. In the example of this tourney, I believe I was the 3rd highest ranked player according to Fargo. I paid a total of $140. ($65 entry plus $75 for 1/3 of myself in the calcutta). Also, to play my game, I need to be rested, so that means getting a hotel. Nevermind gas and food...I'll consider those entertainment expenses lol. Luckily I was able to room with someone for one night for $40. So my investment was $180. Grinding through that field and format (and cueball!!!!) I ended up in 4th, which paid $200 tourney plus $170 (my 1/3 of the calcutta). So I paid $180 to win $370. I don't think the odds were THAT much in my favor to make that a particularly great bet. Not a terrible bet either though.
This really shows two sides of the issue. On the one hand, if the payouts were much less, it would have been extremely difficult to even cover the buy in, even at 4th place. SO the question becomes...should the money to pay 7/8 come from all the places, or just the top. In my opinion, I'd say the top. I was *very* happy to actually make something. First was $700 tourney and $1400 calcutta? Idk...maybe that could have been a bit less, but then what about the person that went for $400 in the calcutta? Kinda sucks for them lol.
At the Thursday tourney I run, I have essentially fixed payouts. The only one that fluctuates is the first place amount. As you know, it is a handicapped entry fee. The pot ranges from $450 to $485 for a 32 man tourney. I always pay 5/6 at $30, 4th at $60, 3rd at $80, 2nd at $110, and the rest to 1st, which has been $140 to $170 (the 485 day I raised 2nd to 115.) I feel like that is fair. In my opinion it is a cheap weekly tourney, provides tremendous experience to the people paying the lowest ($10) entry, and most people seem to be very happy with it. I would recognize a distinction between a higher entry weekend event, and a cheaper entry weekly event. I believe the weekend events are more likely to involve travel and additional expenses. As such, I think the payout curve should be a bit flatter. Also, if the calcutta payouts are deeper or flatter or both, it will likely impact the willingness of people to place large amounts on the few heavy favorites. This likely affects the overall money, and ends up reducing the payouts anyway.
Its a complex issue! But certainly one worth discussing. I would warmly welcome any input you have for the Thursday tourney. Alex has been doing well overall, and typically cashes. Hopefully see you soon!
KMRUNOUT